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tonight breaking news, no deal yet after an 11th hour meeting at white house to avoid the fiscal cliff. the president before the american people. >> the hour for immediate action is here. >> just four days until taxes go up for all americans. tonight what you're telling washington. >>> not again, a giant storm on the move. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and at last. ♪ at last the american greats me lost this year. ♪ moon river the lasting gifts and the laughs they leave behind. >> everything you do, do it cool. stand back. >>> good evening on this friday night. diane is spending this holiday weekend with her family. we begin with the 11th hour high stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, asanger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,5
tonight breaking news, no deal yet after an 11th hour meeting at white house to avoid the fiscal cliff. the president before the american people. >> the hour for immediate action is here. >> just four days until taxes go up for all americans. tonight what you're telling washington. >>> not again, a giant storm on the move. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and...
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Dec 28, 2012
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four days before the fiscal cliff. four hours before a last-ditch meeting at the white house. it's still not clear whether a last-minute deal is even possible or whether this is now all about shifting blame. president obama and vice president biden are sitting down with house leaders. the guest list includes harry reid, who this time yesterday said he didn't see any way the fiscal cliff could be avoided. whatever the case, our chief white house correspondent jessica yellin will be watching. what can we really expect to come out of this meeting this afternoon? >> well, alina, we're not sure what really will come out of it. the ideal scenario would be if all sides agree to a scaled-down version of the fiscal cliff agreement that the president and spe speaker boehner had been discussing weeks ago and then senator mcconnell would agree that no republicans would block it in any way if he can promise that. he argues that he can't really make that promise but if e he could then speaker boehner would promise to bring it to a vote on the floor. all sides would shake hands and we'd have
four days before the fiscal cliff. four hours before a last-ditch meeting at the white house. it's still not clear whether a last-minute deal is even possible or whether this is now all about shifting blame. president obama and vice president biden are sitting down with house leaders. the guest list includes harry reid, who this time yesterday said he didn't see any way the fiscal cliff could be avoided. whatever the case, our chief white house correspondent jessica yellin will be watching....
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it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our coverage with nbc's white house correspondent, peter alexander who has been watching the developments all day. peter, good evening to you. >> reporter: natalie, good evening to you. after his first meeting with all of the top four congressional lawmakers since before thanksgiving, the president marched into the briefing room here at the white house and he said the time for immediate action is now. he called for a bipartisan agreement and said to congressional leaders, warning them the public's patience has worn out. after an hour-long closed-door meeting with the president, bo
it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our...
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the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anyme the moment's right. you can be more confident in your ability to be ready. and the same cialis is t only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctorbout all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. s
the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that...
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Dec 28, 2012
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fiscal cliff faceoff. in just four days paychecks shrink and spending gets slashed if our elected officials can't figure out how to compromise. it will now be in the hands of these six leaders, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and mitch mcconnell representing the republicans. brianna keilar live now from washington. great to see you. house doesn't return to work until sunday. logistically speaking here, is there still enough time to work out a deal? >> i will tell you logistically speaking, logistically speaking, yes. politically speaking, very much unclear, there's a growing amount of pessimism about whether or not that can be done. we've been talking for days about how eyes are on the senate to see what harry reid cobbles together to try to get republican support in the senate and house. he's saying it's hard to see how this can get done by january 1st. so we're seeing a lot of managing of ex
fiscal cliff faceoff. in just four days paychecks shrink and spending gets slashed if our elected officials can't figure out how to compromise. it will now be in the hands of these six leaders, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and mitch mcconnell representing the republicans. brianna keilar live now from washington. great to see you. house doesn't return to work until sunday....
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cliff. we're just talking about politics, we're not talking about finances here. they have to go over the cliff. that strengthens boehner's hands because now everybody is paying a hell of a lot more taxes and people are blaming the republicans, and now boehner can go to the caucus and maybe get 200 and a few votes and then with nancy pelosi pick off a few democrats and make some kind of deal. having said that, the best thing for the country is never to come to a deal because ed rendell is right. as a former governor, we don't operate with big deficits. you can't do that and we're in trouble in this country financially. the long term and in the short term, yes, we'll have a recession. it won't be a bad one but it will be one and nobody wants a recession. in the long term i think wall street goes crazy and you will see 15,000, 17,000 in the dow because finally somebody has done something serious about the deficit. i don't believe they will if they come to an agreement. >> you know, governor re
cliff. we're just talking about politics, we're not talking about finances here. they have to go over the cliff. that strengthens boehner's hands because now everybody is paying a hell of a lot more taxes and people are blaming the republicans, and now boehner can go to the caucus and maybe get 200 and a few votes and then with nancy pelosi pick off a few democrats and make some kind of deal. having said that, the best thing for the country is never to come to a deal because ed rendell is...
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Dec 28, 2012
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in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white hou
in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just...
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Dec 28, 2012
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the fiscal cliff showdown resumes with face-to-face negotiations.. muni celebrates a big milestone.. and they're givg all of us a gift!! and.. putin puts a stop to l u-s adoptions.. why?? plus meet one family who's gotten stuck in the middle this international dispute. join us for cbs 5 eyewitness news this morning... beginng at 4:30. good morning. it's friday, ,,,, >>> here's look at forecast in some cities around the country. washington, d.c., partly sunny, 42. atlanta, partly sunny, 54. st. louis, cloudy, 38, denver, mostly cloudy, 33, seattle, mostly cloudy, 44 degrees. >>> here's another look at this morning's top stories. general norman swargts schwarzkopf died at his home yesterday in tampa, florida. he drove iraqi forces out of kuwait. he died from complications related to pneumonia. he was 78 years old. >>> and president obama meets with congressional leaders this afternoon at the white house to try to cut a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and cong
the fiscal cliff showdown resumes with face-to-face negotiations.. muni celebrates a big milestone.. and they're givg all of us a gift!! and.. putin puts a stop to l u-s adoptions.. why?? plus meet one family who's gotten stuck in the middle this international dispute. join us for cbs 5 eyewitness news this morning... beginng at 4:30. good morning. it's friday, ,,,, >>> here's look at forecast in some cities around the country. washington, d.c., partly sunny, 42. atlanta, partly sunny,...
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any moment now we expect to hear from president obama on the 11th hour fiscal cliff talks that he had this afternoon with the congressional leaders. we're joined now about nbc's kristin welker who is on the north lawn of the white house to give us a sense of where we think the talks are at. earlier today we just heard from senate leader mitch mcconnell's office saying he hopes that senate leaders can make recommendations on the fiscal cliff by sunday. kristin, i just want to ask you while we're waiting for the president to come out here, do you get a sense of where the white house is feeling these talks are going? >> reporter: according to a source close to the talks, president obama thought the conversation was constructive this afternoon. he apparently reiterated the plan that he basically mapped out last friday, which would extend the bush era tax cuts for those making $250,000 or less, extend unemployment insurance as well as the estate tax, and i am told that those are two of the sticking points, the estate tax as well as that $250,000 figure. so that's really where the problem l
any moment now we expect to hear from president obama on the 11th hour fiscal cliff talks that he had this afternoon with the congressional leaders. we're joined now about nbc's kristin welker who is on the north lawn of the white house to give us a sense of where we think the talks are at. earlier today we just heard from senate leader mitch mcconnell's office saying he hopes that senate leaders can make recommendations on the fiscal cliff by sunday. kristin, i just want to ask you while we're...
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the next hour, a last-ditch effort to avoid the fiscal cliff. the president has called all four congressional leaders to the white house no a high stakes meeting. is there really any hope? i'll speak with congressman sanderson. and then should teachers be armed in the classroom? it's a big debate. whop wants at least one teacher armed at every school in his state. >>> then remembers stormin' norman, the history general who died yesterday. we'll have barry mccaffery reflecting on one of the most celebrated battlefield generals of our time. tends to stay in mo. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your
the next hour, a last-ditch effort to avoid the fiscal cliff. the president has called all four congressional leaders to the white house no a high stakes meeting. is there really any hope? i'll speak with congressman sanderson. and then should teachers be armed in the classroom? it's a big debate. whop wants at least one teacher armed at every school in his state. >>> then remembers stormin' norman, the history general who died yesterday. we'll have barry mccaffery reflecting on one of...
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breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators
breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle...
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there are just two days left before we go over the fiscal cliff, barring an 11th hour deal. joining us now former senate and governor from new hampshire judd gregg now an adviser to goldman sachs international. and julian epstein, democratic strategist with law media group. judd, now that you're a goldman sachs man, i assume that goldman sachs people call you and say what's going to happen? what do we tell our clients who are asking us what to do and how to play this? and you tell them what? >> well a few people occasionally call me. andrew it's gregg judd if you want to get the name right. >> what did i say? >> you said judd gregg. >> he's one of the judds. >> it is judd gregg. >> thank you. >> he's totally -- >> yanking both of your -- >> i've been having such a hard morning i believed you for about a second. >> you've got to say it's epstein like frankenstein. >> i'm good with whatever you're good with. >> my view has been all along that these folks are going to reach an agreement. unfortunately it doesn't look that way right now. they do have this meeting and i think if
there are just two days left before we go over the fiscal cliff, barring an 11th hour deal. joining us now former senate and governor from new hampshire judd gregg now an adviser to goldman sachs international. and julian epstein, democratic strategist with law media group. judd, now that you're a goldman sachs man, i assume that goldman sachs people call you and say what's going to happen? what do we tell our clients who are asking us what to do and how to play this? and you tell them what?...
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going over the fiscal cliff. the president and key congressional players will meet at the white house to play let's make a deal. joining me is chris van holland of maryland. we have seen these meetings at the the white house, conference calls, press conferences, statements. we're going to see something out of this that gets us closer to a deal. >> as you said, there is a last-ditch effort by the president to bring together the congressional leaders to avoid at least the tax portion of the fiscal cliff, which is the biggest portion of the fiscal cliff. the president has put many proposals on the table, as you know. speaker boehner walked away from the last proposal. hopefully this time will be different. the speaker has to allow the house to work its will, to have a majority vote here. he's not allowed us to have a vote on a senate-passed bill. hopefully he'll allow us to have an up or down vote on whatever comes out of this meet pg. >> now the ball is in the senate's court and we know leader reid will have to put
going over the fiscal cliff. the president and key congressional players will meet at the white house to play let's make a deal. joining me is chris van holland of maryland. we have seen these meetings at the the white house, conference calls, press conferences, statements. we're going to see something out of this that gets us closer to a deal. >> as you said, there is a last-ditch effort by the president to bring together the congressional leaders to avoid at least the tax portion of the...
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still no fix on the fiscal cliff, but there are developments right now, as you know. brian just mentioning there. various congressional leaders and the president getting set to meet at the white house this hour to work on last-minute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. what we hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as w
still no fix on the fiscal cliff, but there are developments right now, as you know. brian just mentioning there. various congressional leaders and the president getting set to meet at the white house this hour to work on last-minute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. what we hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live...
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that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get h
that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate....
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listen to her take. >> they're willing to take us over the fiscal cliff essentially controls john boehner, preventing him from being able to make any reasonable deal to avoid taxes increasing on 98% of americans and 97% of small businesses. >> being held hostage. knew that the clock was ticking. >> well, i don't know if it's so much that he boxed himself in. there is a fact out there that we now see more districts represented by people who win by over 20%, so they are hyper-partisan. yes, there are more republicans who are hyper-partisan than there are democrats. >> is boehner betting on the president losing? >> i don't know. i think what he was betting on is he could play his cards a little better. where he really lost control was on the parliament b move. i don't know what happened there. i think peel were hopeful they could come to a deal, but for a big deal to happen action he wood to have gone without the majority in congress, that could have led to a bigger deal, which he wasn't ready to do now, but perhaps after he's reelected speaker with the new congress in, he could put forward.
listen to her take. >> they're willing to take us over the fiscal cliff essentially controls john boehner, preventing him from being able to make any reasonable deal to avoid taxes increasing on 98% of americans and 97% of small businesses. >> being held hostage. knew that the clock was ticking. >> well, i don't know if it's so much that he boxed himself in. there is a fact out there that we now see more districts represented by people who win by over 20%, so they are...
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urgent meeting the 11th hour budget push to avert the "fiscal cliff." >> plus a police officer comes home to a burglary in progress. what the thieves took and why that officer couldn't stop the thieves. >>> happy birthday muni. we'll tell you how the group is planning to celebrate their zen teniam. -- centennial. ,,,,,, welcome se my lcret d you are?air.an your worst nightmare mr. box. since you foolishly brought back your bonus jack! i have copied your two pure beef patties, lettuce, melting cheese, pickles, and middle bun, plus fries and a drink for $4.49. and now you will tell me what is in your secret sauce!! uh, i think i know. "we all know," "pretty obvious." you couldn't tell me when i handed out the wiener-dog lasers!?! growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv with a total home dvr incl
urgent meeting the 11th hour budget push to avert the "fiscal cliff." >> plus a police officer comes home to a burglary in progress. what the thieves took and why that officer couldn't stop the thieves. >>> happy birthday muni. we'll tell you how the group is planning to celebrate their zen teniam. -- centennial. ,,,,,, welcome se my lcret d you are?air.an your worst nightmare mr. box. since you foolishly brought back your bonus jack! i have copied your two pure beef...
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they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the markets? it's going to be up or down dramatically which makes it challenging
they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at...
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cliff in terms of our taxes going up can be taken care of by making whatever taxes pass retroactive. >> we've known about the deadline two years, and you're telling me we can't make this deadline but january 3rd they're going to make it better. how much confidence do we have? >> i'm not saying i'm optimistic but i'm saying even if they have some kind of deal. there's a deadlock. republicans want more cuts in spending and democrats want taxes on of a earners -- this is a policy, ideological issue. the thing that's going to happen is when everybody gets socked in the pocketbook, no matter where they stand politically, they'll be mad at everyone in power. >> trace: you've looked at this closely. do you think there's a number that the republican house members would say we'll raise taxes this much but we want this much in cuts? what's your bottom line? >> i would;(:7wç think they maye able to -- say obama goes up another 100,000 and defines top earners as households with over a half million. they're close on that. then on the entitle cuts they could structure it a few ways, including str
cliff in terms of our taxes going up can be taken care of by making whatever taxes pass retroactive. >> we've known about the deadline two years, and you're telling me we can't make this deadline but january 3rd they're going to make it better. how much confidence do we have? >> i'm not saying i'm optimistic but i'm saying even if they have some kind of deal. there's a deadlock. republicans want more cuts in spending and democrats want taxes on of a earners -- this is a policy,...
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the impending fiscal cliff that stands to affect the first pay check you get next month unless, of course, lawmakers can find a solution. today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out mon
the impending fiscal cliff that stands to affect the first pay check you get next month unless, of course, lawmakers can find a solution. today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the...
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he entered intensive care on sunday. >>> with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house will hold a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> and now for a look at what is trending today, our quick roundup of what has you talking online. every day thousands of people update social media sites like facebook and twitter when they get sick. now sickweather.com is scanning those sites to help predict outbreaks of illness like the flu, letting you take your ge germophobia. >>> well, bravo is giving us a sneak peek inside lindsay lohan's bedroom for an upcoming episode of "million dollar decorators." they agree that the mirrored bed frame has got to go. you can see the full episode january 1st on bravo. >>> miley cyrus' cover of dolly parton's j"joline" is going viral. she just released the sessions she did with her band over the summer. here's a listen. ♪ joline, joline, joline >> video was only posted this week, but it wa
he entered intensive care on sunday. >>> with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house will hold a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> and now for a look at what is trending today, our quick roundup of what has you talking online. every day thousands of people update social media sites like...
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harris: they did take time away from the fiscal cliff to debate this 4 1/2 hours yesterday. >> that's true. harris: so there is that. dan, thanks very much. >> thanks for having me. jon: so as we count down to those year-end tax hikes and spending cuts that will affect the lives of virtually every single american, why one key republican lawmaker says his party is not even trying to solve the fiscal cliff crisis and why he thinks that may be a good thing. interesting take coming up. >>> plus, russian president vladmir putin, have you heard what he did? taking aim at americans who hope to adopt russian children. what's behind this controversial move? a live report next. jon: right now syria's opposition leader is rejecting an invitation for peace talks as the violence escalates. the country's ally, russia, is inviting the leader of syria's opposition to visit moskow for the first time but that offer turned down. some interesting developments here. let's get them from leland vittert live in our mideast bureau. leland? >> reporter: jon, no one really views russia as an honest broker here
harris: they did take time away from the fiscal cliff to debate this 4 1/2 hours yesterday. >> that's true. harris: so there is that. dan, thanks very much. >> thanks for having me. jon: so as we count down to those year-end tax hikes and spending cuts that will affect the lives of virtually every single american, why one key republican lawmaker says his party is not even trying to solve the fiscal cliff crisis and why he thinks that may be a good thing. interesting take coming up....
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not just the fiscal cliff, we've been talking about dairy farmers and wind farmers facing their own cliff. the price of a gallon of milk could cost $8 next year if congress fails to renew certain agricultural programs come december 31st. that's when wind farmers will also see the federal wind production tax credit disappear, which could lead the industry at a standstill. in addition to the fiscal cliff, milk cliff, and wind farm cliff, what other cliff are you worried about these days? tweet us. we have a new handle @squawkstreet and junior responses throughout the morning. >> some people on twitter have criticized how we just called it the container cliff. saying not everything is a cliff. >> but everything is a cliff. there is a deadline. >> containers will come in tor they won't. it's binary. >> we were chatting during the break, we're not allowed to own stocks, individual names, but if there was a name you wish you'd bought in the face of bad news last year? >> jpmorgan. it seemed that everyone wanted to sell off the stock, and this would be a huge impact on jpm. it had some per
not just the fiscal cliff, we've been talking about dairy farmers and wind farmers facing their own cliff. the price of a gallon of milk could cost $8 next year if congress fails to renew certain agricultural programs come december 31st. that's when wind farmers will also see the federal wind production tax credit disappear, which could lead the industry at a standstill. in addition to the fiscal cliff, milk cliff, and wind farm cliff, what other cliff are you worried about these days? tweet...
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well, the country is now just four days away from going over the fiscal cliff and president obama called for a critical meeting with congressional leaders. >> brian, that meeting gets underway in less than five hours at the white house. senate leaders harry reid and mitch mcdonnell and john boehner and nancy will sit down with president obama. it's the first time all five are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhi
well, the country is now just four days away from going over the fiscal cliff and president obama called for a critical meeting with congressional leaders. >> brian, that meeting gets underway in less than five hours at the white house. senate leaders harry reid and mitch mcdonnell and john boehner and nancy will sit down with president obama. it's the first time all five are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and...
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i will be back here in a couple hours with heather. patti ann: we'll cover the fiscal cliff. the negotiations continuing. the debt ceiling we have it all for you. i will back
i will be back here in a couple hours with heather. patti ann: we'll cover the fiscal cliff. the negotiations continuing. the debt ceiling we have it all for you. i will back
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., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi says she can wrangle all the democratic votes it needs to pass because you would expect a lot of house republicans to vote no, so you need almost all the house democrats to vote yes. if that sounds almost too good to be true, it probably is. >> and then they sing kumbaya. never, ever going to happen. and if it does -- >> reporter: they braid each other's hair. >> you got it. we're more likely to see that. so tell us a
., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of...
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this is c-span. >> taking a look at the white house in this hour, where a meeting on the fiscal cliff ended at approximately 4:15 eastern time. the president was not expected to be making a new offer on the fiscal cliff. if he had to, he would press congress to take a straight up or down vote on his plan to avoid the tax increases and spending cuts. according to a wheat from the cnn congressional producer, nancy pelosi is back on capitol hill after the meeting with the president, calling it constructive and candid, saying, wait to see what senators reid and mcconnell can put together. pelosi said boehner made it clear in the white house meeting that he will not move something until the senate moves first. you can find more updates and our special web page on the fiscal cliff, c-span.org /fiscalcliff. we have been looking at the possible impact of the office of a cliff on various sectors, including this conversation about possible effects on social security. host: a dive into social security. here to talk about the program is stephen olmacher, joining us from the associated press. how
this is c-span. >> taking a look at the white house in this hour, where a meeting on the fiscal cliff ended at approximately 4:15 eastern time. the president was not expected to be making a new offer on the fiscal cliff. if he had to, he would press congress to take a straight up or down vote on his plan to avoid the tax increases and spending cuts. according to a wheat from the cnn congressional producer, nancy pelosi is back on capitol hill after the meeting with the president, calling...
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it could be the last shot to avoid going over the so-called fiscal cliff. but is the meeting just for show or could we really truly be close to a deal? doug is live in washington with more details, what are we in for? >> to be a fly on the wall in this meeting. these are the players that will be there today. the president with congressional leaders from both parties to see if they can get something done. it may be substantive, it may be window dressing. >> any time you announce a meeting publicly in washington, it's usually for political theater purposes. nothing good ever comes from it. there is one thing you have to do in politics. if the president meets with a foreign leader, you want to make sure you know what's going to happen at the meeting. when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. my bet is all political theater. >> kelly: well, we will see. >> congress thee receipticcally could get something done. we saw the congress work yesterday. the house is going to be back here getting
it could be the last shot to avoid going over the so-called fiscal cliff. but is the meeting just for show or could we really truly be close to a deal? doug is live in washington with more details, what are we in for? >> to be a fly on the wall in this meeting. these are the players that will be there today. the president with congressional leaders from both parties to see if they can get something done. it may be substantive, it may be window dressing. >> any time you announce a...
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. >> now would be a very good time to assess the impact of the fiscal cliff on your 401(k). despite the fact that leaders are meeting this afternoon. the dow, nasdaq, and s & p futures all pointing lower this hour. investigators have no stomach for this high-stakes game of chicken played on capitol hill. look at yesterday's chart for the dow. the index taking a big dive at the open with investors finding little hope for a fiscal cliff come on misz. when word came out that the two sides were meeting, the dow rebounded to positive territory. expect another day like that today. we'll talk with debbie stabenow. >>> he was the most popular american general since world war ii. tributes from around the world are pouring in for stormin norman schwarzkopf. he crushed the iraqi military in the 1999 gulf war and liberated kuwait. he may have been the perfect front man for a war that played out live in your living room. barbara starr live with more. barb rar? >> president obama remembers general is schwarzkopf as an american original. he accomplished something on the battlefield few oth
. >> now would be a very good time to assess the impact of the fiscal cliff on your 401(k). despite the fact that leaders are meeting this afternoon. the dow, nasdaq, and s & p futures all pointing lower this hour. investigators have no stomach for this high-stakes game of chicken played on capitol hill. look at yesterday's chart for the dow. the index taking a big dive at the open with investors finding little hope for a fiscal cliff come on misz. when word came out that the two...